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3 Thoughts on Selling Your Home in a Buyers Market



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span                            reasonable. If the area           
class="cap">Like a      comparables are showing recent    
bad cold spreads around a       sales for $500,000 list at        
school, the listing virus is          $499,000. Don't list at $540,000. 
hitting my neighbourhood. Every       In talking with our neighbours it 
month another one of the 32 units     seems they think that after a     
in our townhome complex goes on       couple of months prices will      
the market. And every month, it's     increase to what they are asking. 
just another sign to add to the       I've tried explaining that prices 
post because nothing has sold in      are adjusting and by letting      
our complex for months! Now we        their property languish           
have four units in a 32 unit          overpriced on the market for so   
complex for sale, when just over      long they are sending bad signals 
2 years ago there were bidding        to buyers, but they still believe 
wars for the same units.              their place will sell for more    
What's the problem? Why are none      than the last place sold for in   
of these desirable units selling?     our complex.

                  
Besides the rampant skunk             

Clean Your House - We go to    
population which is real pain for     almost every open house in our    
us dog owners, the issue comes        area. The number of times I have  
down to the need for the sellers      gone into an open house and       
to adjust their expectations of       winced at the smell, seen a dirty 
what is realistic.

                sink of dishes or had to look at  

If you have to sell your house     dirty laundry is astounding! If   
right now, here's how to make         you actually want to sell your    
sure you find a buyer:

            house, make someone want to live  

Adjust your expectations -         there!

                        
Your place needs to be priced         

Make a back up Plan - If you   
reasonably. I am not suggesting       are moving because you HAVE to    
you give it away, but be              (new job somewhere too far away,  



your family is getting too big        today are nervous, and the media  
for the house, you can't stand        is feeding their fears with a     
another skunk on your front porch     frenzy. Ease the nervous buyer    
in the evening), don't buy            with a nice clean house that is   
another house until you've sold       reasonably priced. And keep your  
this one. I've watched a few          own stress level to a minimum by  
people carry two mortgages            making back up plans just in case 
waiting on pins and needles for       your house doesn't                
their first home to sell and it's     sell.


not fun. Why add stress to your       b>About the                       
life with two mortgages? Of           Author
course, if it were me, I would        id="authorbio"                    
try to keep home 1 as a rental        class="membersnoticewhite">Julie  
property and when the market is       is passionate about real estate   
better, then I would sell it. But     investing. Get her not everyone wants to be a real       href="http://www.revnyou.com">Fre 
estate investor.

                  e Real Estate Investing       

There is turmoil in the            Starter Tips Guide and sign up    
market, but there are still           for her newsletter on real estate 
people looking to buy homes. You      investing at her website can still sell your property and      href="http://www.revnyou.com">    
make some decent money on it but      http://www.revnyou.com


you have to be reasonable. Buyers     /fieldset>
             




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